COE Marketing and Business Development 1

Question 1

Which component of a SWOT analysis examines internal positive attributes that give an ophthalmology practice a competitive advantage?

Accepted Answer

Strengths

Answer

Strengths are internal positive attributes—such as subspecialty expertise, advanced technology, or a strong reputation—that differentiate the practice from competitors.

Question 2

A key performance indicator (KPI) best used to measure the effectiveness of a physician referral development program is:

Accepted Answer

Number of new patient appointments from referring providers

Answer

Tracking new patient appointments sourced from referring providers directly measures whether the referral development program is generating practice growth.

Question 3

In healthcare marketing, 'brand positioning' for an ophthalmology practice most accurately refers to:

Accepted Answer

How the practice is perceived relative to competitors in the minds of patients and referrers

Answer

Brand positioning defines the unique value and perception a practice holds in the market compared to competitors, guiding all marketing communications.

Question 4

Patient lifetime value (PLV) is an important marketing metric because it helps a practice:

Accepted Answer

Calculate how much revenue a patient is expected to generate over their entire relationship with the practice

Answer

PLV estimates the total revenue a practice can expect from a single patient long-term, helping justify marketing acquisition costs and prioritize retention efforts.

Question 5

When developing a marketing plan for an elective procedure such as LASIK, the FIRST step should be:

Accepted Answer

Identifying the target patient demographic and their decision-making drivers

Answer

Identifying the target demographic and understanding what motivates their decisions forms the foundation of any effective marketing strategy.

COE - Certified Ophthalmic Executive Practice Test

COE - Certified Ophthalmic Executive Practice Test

COE Marketing and Business Development 1